Luxury homes in Palos Verdes are beginning to move--no, not from mudslides, earthquakes, landslides or even the expansive adobe soil. This movement is not caused by the forces of nature, instead it is created by the return of buyers who hibernated during the recession and are now waking up to find lower luxury prices and the return of jumbo loans.
There are currently 15 Palos Verdes Peninsula Luxury Homes ($2,000,000 and up) under contract as of March 8, 2011. Here is the breakdown by city and price:
Palos Verdes Estates: 10 Pending Sales priced from $2,100,000 to $3,999,000
Rolling Hills: 3 Pending Sales priced from $2,999,000 to $6,980,000
Rancho Palos Verdes: 2 Pending Sales priced from $2,498,000 to $2,999,999
Rolling Hills Estates: No Pending Sales priced over $2,000,000
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South Bay Los Angeles cities I sell real estate, property, houses and homes in: Palos Verdes Estates, Rolling Hills, Rolling Hills Estates, Rancho Palos Verdes, San Pedro, Long Beach, Torrance, Lomita, Redondo Beach, Hermosa Beach and Manhattan Beach. Information is deemed reliable but not guaranteed.
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